3X TRAFIKKSKOLE AS: årsregnskap 2018 vs 2017
Grew 67% on revenue, weaker earnings
approved 2019-03-14; registry 2019-03-18; journal 2019 241238
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3X TRAFIKKSKOLE AS. Revenue 3.01m NOK → 5.01m NOK (+66.5%). Net result +63.0k NOK → +40.8k NOK. Equity 3.11m NOK → 152.6k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 3X TRAFIKKSKOLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.01m NOK to 5.01m NOK (+66.5% YoY). Calculated
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↑
Cash rose
Bank deposits 649.1k NOK → 697.8k NOK (+7.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +87.2k NOK → +62.7k NOK (op. margin 2.9% → 1.3%). Calculated
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↓
Net result weakened
Net result +63.0k NOK → +40.8k NOK (net margin 2.1% → 0.8%). Calculated
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↓
Equity eroded
Book equity 3.11m NOK → 152.6k NOK (equity ratio 310.2% → 16.4%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 731 NOK → 2.78m NOK (0% → 55% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 94.4k NOK → 170.6k NOK (+80.6% YoY). Calculated